Cheap is expensive!

A triplex that cheap is hard to come by I'm curious as to which market you're investing in and the state of the property.

The heating system, while straightforward, wasn't cheap for my 3 unit and will have a longer payback period. 

The foreclosure process is not cheap or fast.

If I pay it off, I could maximize cash flow earlier, reducing financial stress and allowing me to focus on other ventures or simply enjoy life more.On the other hand, I know some people advocate for keeping cheap debt and using the extra cash to invest elsewhere for potentially higher returns.Why I’m leaning toward paying it off:Security: No debt = peace of mind.Financial freedom earlier: A fully paid-off rental would give me a significant monthly cash flow?

One or the other I'd say....And IMHO, electric fireplaces look cheap, even the expensive ones.....

How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?

You need to send him a letter with proof of delivery required (a cheap date with US postal service) and you can also post the Notice in a sealed white envelope marked confidential to his door - and take a photo of it for proof of delivery. 

There are seconds in the way of HELOANs and HELOCs for investment properties, but they aren't cheap.

Labor is also cheap here.